Cambridge IAL Economics Practice Questions - Cambridge International A-Level Economics (9708) Exam

A production possibility curve (PPC) bows outwards from the origin. This shape reflects:

Increasing opportunity cost as more of one good is produced Constant opportunity cost between the two goods Decreasing opportunity cost from specialisation Perfectly substitutable factors of production

Correct Answer:

Increasing opportunity cost as more of one good is produced

Access more questions from this quiz

Continue to Cambridge IAL Economics Practice Questions - Cambridge International A-Level Economics (9708) Exam for more practice questions and the full quiz experience.

Access More Questions